How to Apply for your Capital One SavorOne Rewards Credit Card

Capital One SavorOne Rewards Credit Card: 3% cash back on dining, entertainment & groceries, $200 bonus, no annual fee, & no foreign transaction fees.

Por: Vinicius Bronze em April 22, 2024

Benefits of the Card

The Capital One SavorOne Dining Rewards credit card is designed to enrich the lives of those who delight in dining out, enjoying entertainment, and making the most of their everyday spending. This card offers a range of benefits tailored to enhance the cardholder’s spending experience, providing not only cash back on everyday purchases, but also exclusive perks that cater to a lifestyle full of flavor and fun. From dining to entertainment, and even grocery shopping, the SavorOne card aims to reward the cardholder’s every indulgence.

Unlimited 3% Cash Back on Dining and Entertainment

The SavorOne card offers unlimited 3% cash back on dining and entertainment, making it an ideal choice for those who frequently spend money in these categories. Whether it’s a night out at a restaurant, a movie, a concert, or a sports match, cardholders earn cash back on their purchases, maximizing the rewards on their leisure activities. This benefit is particularly appealing to food enthusiasts and entertainment lovers, providing a significant incentive to use the SavorOne card for all dining and entertainment expenses.

Unlimited 3% Cash Back on Grocery Store Purchases

In addition to dining and entertainment, the SavorOne card extends its 3% cash back offer to grocery store purchases. This benefit is designed for the everyday shopper, allowing cardholders to earn rewards on their routine grocery runs. Excluding superstores like Walmart and Target, this perk ensures that cardholders can accumulate cash back where it counts, making the SavorOne card a valuable tool for managing household expenses.

$200 Cash Bonus

After making $500 in purchases during the first three months of opening an account, new cards are welcomed with a $200 cash bonus. This one-time benefit offers a significant return on early spending by instantly increasing the cardholder’s cash back balance. For new users, the cash incentive is an alluring offer that will provide them a boost in rewards right now when they use the SavorOne card.

No Annual Fee

One notable feature of the SavorOne card is its $0 annual charge, which allows users to take advantage of all of its features without having to worry about incurring additional annual fees. Because of this feature, a broad spectrum of customers—from value-conscious shoppers to those who are budget-conscious—can use the card. The card’s overall value proposition is improved by the lack of an annual fee, which frees up members to concentrate on accruing and using rewards.

No Foreign Transaction Fees

Because the SavorOne card does not charge foreign transaction fees, using the card overseas is more affordable for travelers. This feature, which enables individuals to make purchases outside the United States without paying additional costs, is especially helpful for those who travel abroad for business or pleasure. The card’s flexibility is increased by the absence of foreign transaction fees, which makes it a good travel buddy.

Complimentary Uber Benefits

Through November 14, 2024, cardholders will receive complimentary Uber perks like as 10% cash back on Uber and Uber Eats purchases in addition to reimbursement for the monthly Uber One membership cost. This special benefit is intended for the contemporary customer who uses Uber for food delivery and transportation. Along with the perks of Uber One membership, the extra cash back on Uber and Uber Eats purchases provide a convenient and cost-effective combination that improves the cardholder’s experience with one of the most well-liked ride-sharing and food delivery services.

Prerequisites to obtain the Capital One SavorOne Rewards Credit Card

In order to be considered for the Capital One SavorOne Rewards Credit Card, applicants must fulfill specific requirements that correspond with Capital One’s credit card standards. These requirements include:

Credit Score: Applicants should have an excellent credit score, starting at 720.
Age: Applicants must be at least 18 years old in most states, with some states requiring applicants to be older.
Residency: Applicants should be legal residents of the United States, with a valid mailing address and Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN).
Income and Employment: Potential cardholders will need to provide information about their employment status and annual income to demonstrate their ability to repay any credit extended.
Banking Information: In some cases, applicants might be asked to provide banking information to help Capital One assess their financial stability.

Capital One also offers a “See If I’m Pre-Approved” feature on their website, allowing potential applicants to check their eligibility for the SavorOne card without impacting their credit score. This pre-approval process involves a soft inquiry that gives applicants an idea of their chances of approval based on their credit profile, without the need for a hard credit pull that could affect their credit score.

About Capital One Financial Institution

While not centuries old, Capital One has grown significantly since its founding and offers a variety of financial products beyond just credit cards. Capital One focuses on serving small businesses with financial products and services. They offer a variety of accounts and tools to help businesses manage their finances, including business checking accounts that come with features like mobile deposits, online bill pay, and access to a network of ATMs and business savings accounts that allow businesses to earn interest on their money.

Who is this Card for?

The Capital One SavorOne Rewards Credit Card is specifically designed for individuals who enjoy the pleasures of dining out, engaging in entertainment activities, and who appreciate earning rewards on their grocery shopping. This card is particularly aimed at those who spend a significant portion of their budget in these categories and are looking for ways to maximize their returns in the form of cash back.

With benefits like unlimited 3% cash back on dining, entertainment, and grocery store purchases (excluding superstores like Walmart and Target), this card caters to the lifestyle of food enthusiasts, moviegoers, and frequent shoppers seeking to get more value out of their everyday expenditures. The SavorOne card is best suited for consumers with an excellent credit score, who are interested in enjoying the finer things in life while earning rewards on their spending, all without paying an annual fee.

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Step by Step to Apply for the Card

Here’s how you can apply:

Visit the Official Website: Start by visiting the official Capital One SavorOne Rewards Credit Card page
Check Your Eligibility: Before applying, you can use the “See If I’m Pre-Approved” feature on the website. This tool allows you to check your eligibility without impacting your credit score, thanks to a soft inquiry.
Apply Now: If you decide to proceed, click on the “Apply Now” button, which can be found at the top of the card’s page. This will direct you to the application form.
Fill Out the Application Form: Complete the application by providing all the required information, which typically includes personal details, financial information, and employment status.
Review and Submit: Double-check the information you’ve entered for accuracy. Once you’re ready, submit your application.

For those who prefer mobile banking, Capital One offers a mobile app where you can manage your account, make payments, and even apply for credit cards. The app is available for both Android and iOS compatible devices:

Android: Download from Google Play
iOS: Download from the App Store

Pros and Cons of the Card

Potential cardholders should evaluate both the attractive features and other less attractive factors associated with the Capital One SavorOne Rewards Credit Card. Here’s a breakdown of its pros and cons:

Pros

Unlimited 3% Cash Back: Earns on dining, entertainment, popular streaming services, and grocery store purchases, catering to a variety of spending habits.
$200 Cash Bonus: A one-time bonus after spending $500 within the first 3 months, providing an early rewards boost.
No Annual Fee: Makes it accessible without the worry of an annual cost, enhancing its value.
No Foreign Transaction Fees: Ideal for travelers, removing extra charges on international purchases.
Complimentary Uber Benefits: Including 10% cash back on Uber & Uber Eats and Uber One membership fee coverage through November 14, 2024.
Flexible Rewards Redemption: Cash back doesn’t expire for the life of the account, and rewards can be redeemed for any amount.

Cons

High Variable APR: After the introductory 0% APR period, the card has a variable APR of 19.99% – 29.99%, which can be steep for those who carry a balance.
Exclusions on 3% Cash Back: The 3% rate excludes superstores like Walmart and Target, which might be a drawback for some shoppers.
Credit Requirements: Targeted towards individuals with excellent credit, potentially limiting accessibility for those with lower credit scores.
Limited Premium Perks: While it offers solid cash back rates and bonuses, it may lack some of the premium perks (like airport lounge access) found in cards with annual fees.

Fees and Tariffs

The Capital One SavorOne Rewards Credit Card offers a variety of benefits with certain costs associated with its use. Here’s a summary of the main fees and interest rates for the card:

Annual Fee: None.
APR: The card offers a 0% introductory APR on purchases and balance transfers for the first 15 months. After the introductory period, a variable APR of 19.99% – 29.99% applies, based on creditworthiness.
APR for cash advances: 29.99%
Cash Advance Transaction Fee: Either $5 or 5% of the amount of each cash advance, whichever is greater.
Foreign Transaction Fee: None
Late Payment Fee: No more than $40.

Customer Service

Capital One offers various channels for customers to contact or learn more about their services regarding the Capital One SavorOne Rewards Credit Card.

Customer Service Phone Number: For direct assistance, you can call Capital One’s customer service at 1-877-383-4802 for general customer service inquiries and support.
Mobile App: The Capital One mobile app provides a convenient way to manage your account, make payments, and contact support.
Social Media: You can follow Capital One on various social media channels to be informed about their most recent deals and offerings. Through these platforms, they frequently offer customer support as well.
Online Chat: For existing customers, Capital One offers an online chat feature through their website and mobile app, providing a quick way to get answers to your questions.

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